Obama Administration Reportedly Considering Easing Sanctions on Iran

May gradually unfreeze overseas funds

News reports say the Obama administration is considering gradually unfreezing some of Iran's overseas funds to ease the pain of sanctions aimed at curbing the country's nuclear program.

The proposal would reportedly free up Iran's assets in installments.

The reports—citing unnamed senior administration officials—come after talks in Geneva this week over Iran's disputed nuclear program that White House spokesman Jay Carney said showed "a level of seriousness and substance" from Iran that has not been seen before.